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August 5, 2019 Item No. ______
POLYTEK SITE IMPROVEMENT PERFORMANCE AGREEMENT
PROPOSED ACTION
Staff recommends adoption of the following motion: Move to approve the Site Improvement
Performance Agreement for Lot 1, Block 1, Airlake Industrial Park Seventh Addition (Polytek
Surface Coatings.
OVERVIEW
The Airlake Development Seventh Addition plat was approved by the City Council on April 15,
2019 consisting of two industrial lots in the I-2, General Industrial District. Appro Development
has submitted a letter of credit security and signed Site Improvement Performance Agreement
(SIPA) to guarantee completion of the landscaping for Lot 1, Block 1 (Polytek Surface Coatings).
The SIPA is required since the developer of Airlake Industrial Park Seventh Addition chose to
include the landscape security separately from the Airlake Industrial Park Seventh Addition
development contract.
PRIMARY ISSUES TO CONSIDER
None.
SUPPORTING INFORMATION
ā Signed SIPA
ā Approved landscape plan
Financial Impact: Budgeted: Yā Nā Source:
Related Documents: (CIP, ERP, etc.): Zoning and Subdivision Ordinances
Envision Lakeville Community Values: Diversified Economic Development
Report Completed by: Frank Dempsey, AICP, Associate Planner
None